Trenton’s Foreclosure Scheme Returns, Hearing Feb. 20

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February 17, 2014

One of the most outrageous proposals of the last legislative session is back. On Thursday, the Assembly Housing & Community Development Committee will take up the “New Jersey Residential Foreclosure Transformation Act”, Bill (A470). This legislation would authorize the State to borrow billions of dollars to purchase foreclosed homes throughout the state–then use the properties to fill the state’s ‘affordable housing’ quotas, including housing them with so-called ‘special needs’ individuals–among them, drug addicts, ex-cons, sex offenders and homeless people.

AFP fought this bill hard last session by exposing the facts about this offensive and outrageous piece of legislation and will do so again. As a reminder, below is our YouTube ad on this bill.